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Luiz Felipe Lampreia, a former foreign minister of Brazil (1995-2001), is now Vice Chairman of the Brazilian Center for International Relations (CEBRI) and Chairman of the Council on International Affairs of the Federation of Industries of Rio de Janeiro (FIRJAN).

Let me start this by asking the author who she is. There is no info on this site concerning the author. As such, we cannot know if her view of the matter is biased.
How would anyone that would like to participate in the exploitation of Repsol's ex-assets have legal problems? Who would create those problems? Repsol? The assets do not belong to them anymore.
"But that depends on whether nationalization brings about an increase in production. It seems clear that it will not, unless the government decides to inject massive fiscal resources into YPF at the expense of other pressing needs." Euh, the author now pulls this out of her bottom. How is it clear that Argentina will not be able to increase the production? The author gives no hard facts to support this claim. In addition, is there any official word that Argentina wants to increase the production instead of keeping it at current levels?
And finally, how is this patriotic posturing? Repsol is exploiting a natural resource that belong to Argentina's sovereignity while profiting from it. Why would Argentina not want to get its due on its own national ground?

Repsol will take legal action against any company intending to invest in YPF expropriated or alternatively in their assets, according to the Spanish company.
The news, which was conducted by Financial Times, argues that the Spanish oil group and their lawyers prepared to act against a possible entry of investors in the capital of YPF.